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How did Kiryat Ono become one of the richest cities in Israel? - Walla! Real estate

2024-01-24T10:37:38.935Z

Highlights: Kiryat Ono is in first place in the construction of commercial space per square meter per capita in recent years. Until a few years ago, it was considered a very poor city in terms of property taxes, with low budgets. Today it has become one of the richest cities in Israel, followed by Ness Ziona and Ramat Hasharon. The city has received a positive immigration of residents from a high socio-economic cross-section, with the new employment area developing in the south of the city, the "Ono Business Park"


In recent years, Kiryat Ono has turned from a city considered poor in property taxes, with low budgets, to one of the richest cities in the country, followed by Nes Ziona and Ramat Hasharon. How did she do it?


Ono Business Park/ Kiryat Ono Municipality

The city of Kiryat Ono is in first place in the construction of commercial space per square meter per capita in recent years - this is according to data collected by the Central Bureau of Statistics regarding the beginnings of construction of commercial areas in Israeli cities. This, following the establishment of the Ono Business Park.



The meaning of these data shows that Kiryat Ono, which Until a few years ago, it was considered a very poor city in terms of property taxes, with low budgets - today it has become one of the richest cities in Israel, followed by Ness Ziona and Ramat Hasharon. As we know, commercial property taxes are the main and most profitable tool for the economic resilience of municipalities, and the more commercial space there is, the more remains Funds for activities and services for the residents of the city.



According to the data of LMS, Kiryat Ono, as mentioned, is the city where the most employment spaces and offices per capita have been added in the State of Israel in recent years - when it stands at 5.3 square meters per capita, followed by Ness Ziona as mentioned in the ranking with 4.8 m "R per capita and Ramat Hasharon with 4.5 square meters per capita.



"The fact that we lead construction in employment areas is the result of vision, future planning and forward thinking.

It was led by the city administration in recent years.

Next year, when we receive the property tax for all the areas that have been built, the residents of the city will benefit from an upgrade in all areas.

Just as we were the only water corporation in Israel that distributed money in checks for funds accumulated in the corporation's coffers to the residents of Kiryat Ono, so we will do with the funds accumulated in the city coffers.

Everything goes directly back to the residents," says Israel Gal, the mayor of Kiryat Ono.

Thousands of jobs were added to the city

According to the data, it can be seen that in recent years the city has received a positive immigration of residents from a high socio-economic cross-section, some of whom work in the nearby hospitals, with the new employment area developing in the south of the city, the "Ono Business Park", which is 800,000 square meters and is considered attractive for high-tech companies due to Its location near future and existing transportation infrastructure.



The Ono Business Park is located near the Sheba Hospital, the largest in the country, which is attended by tens of thousands of employees, patients and visitors, this is near Route 46, which will be paved on the spot and connect the complex to Route 6, with the purple line station of the light rail passing through it that will reach Tel Aviv, as well as a regional bus terminal that will be opened there.



All of these will allow diverse mobility and access to the place by all means of transportation. In addition, the municipality intends to integrate the active employment area during the day with a bustling entertainment area at night, so that the complex will become an attractive area at night as well.

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Source: walla

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